The best and worst performing sectors on Tadawul in September

Basic materials and banking sectors accounted for 61.8 percent of the total value traded, the highest traded values among all sectors, on Tadawul last month (September), Aljazira Capital said in its report on Wednesday.

On other hand, pharma and diversified financials were the lowest, accounting for 0.08 percent and 0.23 percent respectively.

The Tadawul All Share Index (TASI) ended last month at 7,999.54 points, up 0.6 percent month-on-month (MoM). Total value traded stood at SAR 49.7 billion.

On a year-to-date (YTD) basis, TASI is up 773.2 points (or 10.7 percent). Media and banking sectors have gained the highest by 56.8 percent and 28.2 percent respectively YTD.

On other hand, real estate and utilities were the worst performing sectors recording a decline of 24.7 percent and 22.7 percent respectively, the report added.

On a monthly basis, telecom and banking were the best performing sectors, showing an increase of 3.9 percent MoM and 2.7 percent MoM respectively.

Utilities and commercial services sectors were the worst performers showing a decline of 9.8 percent MoM and 8.3 percent MoM, respectively.

Al Alamiya was the best performing stock in September recording an increase of 24.1 percent MoM followed by SAFCO which jumped 17.8 percent MoM.

On the other hand, SFICO was the worst performing stock declining by 26.6 percent, followed by Dallah that lost 16.3 percent MoM.

In terms of PE ratio, WALAA traded at the lowest P/E of 6.60x, followed by Arabian Shield at 6.64x and Trade Union at 7.28x, Aljazira Capital report said.